Paxos accidentally minted $300 trillion of PayPal's stablecoin. It's not clear how the firm made such a colossal mistake. The ...

Paxos accidentally minted $300 trillion in PYUSD, about 2.5 times global GDP. The error cost only $2.66 in gas fees, exposing ...

Paxos’ $300 trillion minting blunder sparks NYDFS probe and industry calls for proof-of-reserve safeguards in stablecoin ...

The incident had a limited impact on crypto markets, though it caused an eruption of speculation online over how such a ...

The U.S. Federal Reserve is hosting a first-of-its-kind conference on Oct. 21, 2025, focused on payments innovation. For the ...

An internal error worth more than double the world's GDP highlights both the operational risks and the transparent, ...

The two companies are collaborating on making the digital asset private for payroll and other business transactions. While it ...

Stablecoin issuer Paxos said it mistakenly minted $300 trillion of PayPal Holdings Inc.’s PYUSD stablecoin Wednesday before ...

A blunder by stablecoin issuer Paxos briefly sent the market cap of PayPal USD (PYUSD) to $300 trillion, exceeding global GDP ...

Paxos mistakenly minted $300 trillion of PayPal’s stablecoin before burning the excess, marking one of the biggest on-chain ...

The company said it mistakenly minted the coins – worth more than double the entire world’s GDP – during an internal transfer ...

Omer Goldberg, PayPal’s head of blockchain, reassured users that PYUSD remains fully backed 1:1 with U.S. dollars. He said ...